Analysts predict that Snap Inc. (NYSE: SNAP) will post sales of $739.70 million for the current quarter, according to Zacks. Eleven analysts have issued estimates for Snap’s earnings. The highest sales estimate is $745.20 million and the lowest is $728.00 million. Snap posted sales of $462.48 million during the same quarter last year, which suggests a positive year-over-year growth rate of 59.9%. The firm is expected to report its next earnings report on Tuesday, April 20th.
On average, analysts expect that Snap will report full-year sales of $3.82 billion for the current fiscal year, with estimates ranging from $3.55 billion to $3.97 billion. For the next year, analysts anticipate that the company will post sales of $5.53 billion, with estimates ranging from $4.63 billion to $5.96 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Snap.
Snap last posted its quarterly earnings data on Thursday, February 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). Snap had a negative return on equity of 48.53% and a negative net margin of 49.74%. The company had revenue of $911.32 million during the quarter, compared to analyst estimates of $847.44 million.
Several brokerages have issued reports on SNAP. Wolfe Research began coverage on Snap in a research note on Wednesday, March 31st. They set an “outperform” rating and a $65.00 price target for the company. Jefferies Financial Group lifted their price objective on Snap from $61.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 2nd. Susquehanna lifted their price objective on Snap from $40.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, February 5th. Bank of America reiterated a “neutral” rating and issued a $67.00 price objective (down previously from $78.00) on shares of Snap in a report on Monday, March 29th. Finally, Huber Research upgraded Snap from an “underweight” rating to an “overweight” rating in a report on Friday, February 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $66.24.
Shares of SNAP stock opened at $54.11 on Tuesday. The company has a quick ratio of 5.43, a current ratio of 5.43, and a debt-to-equity ratio of 0.75. The business has a 50-day moving average price of $59.37 and a two-hundred-day moving average price of $48.00. Snap has a 12-month low of $11.32 and a 12-month high of $73.59. The firm has a market cap of $81.61 billion, a P/E ratio of -72.15, and a beta of 1.29.
SNAP Long (Buy)
ENTER AT: 55.71